Leftwing Groomer Netflix Bows Out, "Trump-Aligned" Paramount to Win Battle for Warner Bros./Discovery

I don't know why they'd want it. This feels like trying to swallow a big jagged bone.

Netflix Backs Out of Warner Bros. Bidding, Paramount Set to Win

In a stunning twist, the streaming giant's co-CEOs say the major studio "was always a 'nice to have' at the right price, not a 'must have' at any price."

In a stunning twist, Netflix is declining to raise its bid for Warner Bros., positioning David Ellison's Paramount as the winner in the battle for the fabled studio.

Netflix co-CEOs Ted Sarandos and Greg Peters released a statement Thursday outlining their decision, namely that the deal is "no longer financially attractive" and that it "was always a 'nice to have' at the right price, not a 'must have' at any price."

"The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid," the co-CEOs said.

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With Netflix out, Paramount's latest bid is almost a sure thing to be accepted by the Warners board, which determined earlier Thursday that it was a "superior proposal" to Netflix's deal.

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PSKY's latest proposal was for $31 per share, but had a number of other sweeteners, including a ticking fee payable to shareholders equal to $0.25 per quarter beginning after Sept. 30, 2026, as well as a $7 billion regulatory termination in the event the transaction does not close due to regulatory matters.

Paramount has also agreed to pay the $2.8 billion termination fee that Warner Bros. would be required to pay to Netflix to terminate the existing merger agreement.

Doesn't Warner Discovery come with $80 billion in debt from the last acquisition?

People are spending billions to own $80 billion in debt plus the right to remake Lord of the Rings in ten years. Which will fail.

i completely forgot about CNN. It's a very easy thing to forget, because its latest ratings are 6. Not a six rating, six people.

But staffers at CNN are reportedly in "a panic."

Mood is 'horrific' inside CNN as staffers brace for change amid potential Paramount takeover, insiders say Netflix backing out of bid for Warner Bros Discovery paves way for CNN to fall under David Ellison's control

The mood inside CNN was "horrific" on Friday as network leadership sought to calm fears of anxious staffers, with parent company Warner Bros. Discovery appearing set to hand control of the network to Paramount CEO David Ellison.

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"The mood is horrific," a CNN insider told Fox News Digital. "People are very upset."

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A second CNN insider told Fox News Digital that staffers feel "a mix of despair, apprehension and curiosity."

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A second insider said the two main concerns are "job loss" and "editorial indifference," noting the former "greatly outranks" the latter. Specifically, CNN staffers worry about a potential "bloodbath" if CBS News and CNN were to merge.

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The first CNN insider is trying to keep an "open mind" but said it's easy to understand why staffers are upset given the reporting on Ellison and Trump discussing changes.

"It's existential for the brand to be owned by an individual who has personal allegiance to a political figure and is not even answering to public markets," they told Fox News Digital.

"But -- I mean what I'm saying. It's not just me trying to take a deep breath. I truly believe we can only react to what is, not what might be," they continued. "And we have no idea what the world will look like when this closes."

Waaah, Oliver Darcy reports on the Sads! and A-scareds! of his former colleagues at CNN:

Brian Stelter said two very funny things. Noting that Larry Ellison wants a fair and fact-based news outlet, Stelter said, hilariously, "That sounds like CNN."

It sure does, Tater. It sure does.

But he also worries about whether Ellison will allow CNN to keep the, giggle, "editorial independence that CNN is known for."

Below, a few meh trailers. I like most of the people involved here, including Jorma Taccone, director one of my favorite comedies of the 2010's, MacGruber, but this doesn't grab me.

Meh: Mecha Predator.

Possibly something. I think this is based on some YouTube creepy short.

Update: Yes, it is based on an internet creepypasta about liminal spaces, spaces between the real and unreal. And that sci-fi standby of structures too big to exist whose internal dimensions seem to exceed the external dimensions.

There were a series of webisodes. Here's one:

posted by Disinformation Expert Ace at 04:20 PM

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